GBPUSD: Treading Water Below 1.58 Figure
GBPUSD continues to consolidate above support at 1.5597, the 23.6% Fibonacci retracement level. Resistance remains at 1.5706, the 38.2% level. We don’t see an actionable trade setup here at the moment and will remain on the sidelines for now.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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